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KengaRu [80]
3 years ago
10

After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those good

s are
Business
1 answer:
ikadub [295]3 years ago
7 0

Answer: substitute

Explanation:

After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those goods are substitutes.

Substitute goods are the goods that serve thesame functions and one can be used to replace the other one. Since both goods produced are substitutes, that means when there's price increase, even though consumers shift from one good to another, there's still rise in price which will increase profits

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TB MC Qu. 1-150 Haack Inc. is a merchandising company ... Haack Inc. is a merchandising company. Last month the company's cost o
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3 years ago
If a price is too high to clear the market, that means
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An economy that maximizes its scarce resources and can deliver the right goods in the right quantity to the right people at the
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